Stories tagged: "economic fallout"


While the economic toll of 2020's wildfires is still not known, the US has experienced huge increases in billion-dollar weather disasters in the past four decades due to climate change (AP Photo/Noah Berger).
Billion-Dollar Disasters Are More Frequent Than Ever in the US—Wildfires Are Only Part of That Toll

Wildfires in the West will have an enormous financial toll, but they are part of a more worrying trend of huge financial losses tied to extreme weather events caused by climate change.

AP Photo/John Locher, File
Governors, Mayors, and Companies to Senate: Pass More COVID Aid or ‘Millions of Americans’ Will Suffer

More assistance is needed "to both rebuild the economy and maintain essential services in education, health care, emergency operations, public safety and more," groups, led by the National Governors Association, wrote this week.

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Eviction Moratoriums Are Set to Expire. Elizabeth Warren Has a Bill to Stop It.

“Housing is a human right and an absolute necessity to keep families safe during this crisis, and Congress must step in now to help keep people in their homes.”

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They Had a Plan for Their Future. Then Coronavirus Happened.

Millions of college seniors are graduating into an economy that is collapsing at rates not seen since the Great Depression.

A man walks past a closed business, Wednesday, April 29, 2020, in Chagrin Falls, Ohio. (AP Photo/Tony Dejak)
More Than 30 Million People Have Now Applied for Unemployment Benefits Since Mid-March

With more employers cutting payrolls to save money, economists have forecast that the unemployment rate for April could go as high as 20%.

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We Might Finally Have an Effective COVID-19 Treatment, But the Economy Is Getting Worse

Word of the drug came as the U.S. government reported that American economic output is shriveling in the biggest and fastest collapse since the Great Depression.

Image via House Television via AP
Here’s What’s in the Latest Coronavirus Relief Bill

President Donald Trump will be holding a signing ceremony Friday for a bill providing a nearly $500 billion infusion of coronavirus spending, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.